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AI Assistant Licensing Agreement

01 August 2023

This AI Assistant Licensing Agreement (“Agreement”) is entered into by and between ModelProp Ltd, located at Bencroft, Dassels, Braughing, Ware SG11 2RW (“Licensor”), and the entity agreeing to these terms (“Licensee”). This Agreement is effective as of the date Licensee selects a product and clicks “Select,” completes the fields, and confirms payment (“Effective Date”).

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1. Definitions

1.1. “AI Assistant” refers to the AI-driven chatbot service provided by ModelProp Ltd.

1.2. “Service” refers to the AI Assistant and associated services provided by ModelProp Ltd as specified in Schedule A.

 

2. Grant of License

Subject to the terms of this Agreement, Licensor grants to Licensee a non-exclusive, non-transferable, revocable licence to use the AI Assistant for business purposes as specified in Schedule A.

 

3. Use Restrictions

Licensee shall not:

a. Modify, adapt, or create derivative works based on the AI Assistant.

b. Rent, lease, lend, sell, sub-licence, assign, distribute, publish, or transfer the AI Assistant to any third party.

c. Use the AI Assistant for any purpose that is unlawful or prohibited by this Agreement.

 

4. Intellectual Property Rights

All intellectual property rights in the AI Assistant, including trademarks, trade names, and copyrights, are owned by Licensor or its licensors. Unauthorised use of the AI Assistant's intellectual property is prohibited.

 

5. Payment

Licensee agrees to pay Licensor the setup fee and the licensing fee as specified in Schedule B, attached hereto. Licensee shall select a product and click “Select,” complete the required fields, and confirm payment as per the provided link.

 

6. Term and Termination

This Agreement shall commence on the Effective Date and continue for an initial term of three months. After the initial term, the Agreement shall automatically renew on a rolling monthly basis, unless terminated earlier in accordance with this Agreement. Either party may terminate this Agreement if the other party breaches any material term or condition of this Agreement.

 

7. Confidentiality

Both parties agree to maintain the confidentiality of all information obtained during the execution of this Agreement, except as otherwise required by law or agreed upon in writing by both parties.

 

8. Limitation of Liability

Licensor shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, incurred by Licensee or any third party, whether in an action in contract or tort, even if Licensor has been advised of the possibility of such damages.

 

9. Indemnification

Licensee agrees to indemnify, defend, and hold harmless Licensor, its officers, directors, employees, agents, licensors, and suppliers from and against all claims, losses, liabilities, expenses, damages, and costs, including solicitors' fees, arising from the Licensee's use of the AI Assistant.

 

10. Governing Law

This Agreement is governed by and construed in accordance with the laws of England and Wales.

 

11. Modifications

Licensor reserves the right to modify this Agreement at any time by providing notice to Licensee. Continued use of the AI Assistant after any such modification constitutes acceptance of the modified Agreement.

 

12. Contact Information

For any questions about this Agreement, please contact ModelProp Ltd at hi@modelprop.co.uk.

 

By selecting a product, clicking “Select,” and confirming payment, Licensee acknowledges that they have read, understood, and agree to be bound by the terms of this Agreement.

 

 

 

Schedule A – Services

 

1. Revenue Generator 

Perfect for more personalised brand responses to questions from your current and future customers. Ethical AI working to smooth your business' communications, generate revenue instantly from exclusive partnerships, fine-tuned on your agency's specific, static data, underpinned by the power of ChatGPT-4.

 

2. Transaction Driver 

This package focuses on using AI to attract more sellers into the market to you. Includes all the Revenue Generator features, pulls in your agency's unique, historic property data, 'Transaction Driver' function equals more properties to sell, trained on all of your media, including videos, with the ability to switch in your own partnerships.

 

3. Marketshare Expander 

Full-service AI, carefully trained to behave like the best of your customer-facing team. Includes all the Transaction Driver features, ModelProp's exclusive, tailored AI Marketing features, full, daily content strategy, expanding reach, consistent, coherent delivery, building trust, AI influence where required - and no further.

 

4. AI Consultancy

Bespoke, targeted AI solutions to the problems of estate and letting agency sales, marketing and operations. A ModelProp rep will come into your business and assess the best, most cost-effective and impactful way of applying AI to the unique circumstances of your agency. Then we’ll deliver it.

 

 

 

Schedule B – Fees

 

1. Revenue Generator 

  • Setup Fee: £499 

  • Monthly Fee: £19

 

2. Transaction Driver 

  • Setup Fee: £2,999 

  • Monthly Fee: £99

 

3. Marketshare Expander 

  • Setup Fee: £4,999 

  • Monthly Fee: £499

 

4. AI Consultancy

  • Price on Application

 

Please note that all prices exclude VAT.

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